Disney could soon sell its TV assets as Iger says business 'may not be core' to the company
Publishing timestamp: 2023-07-13 12:58:26
Summary
Disney CEO Bob Iger has extended his contract through 2026 and is considering selling the company's linear TV assets as it faces challenges in the transition to streaming. Iger is open to finding a strategic partner for ESPN and believes the future of traditional TV is worse than he expected. Disney is focused on making its streaming business profitable and plans to combine Hulu and Disney+ offerings. The company will report its fiscal third-quarter earnings on August 9th.
Sentiment: MIXED
Keywords: breaking news: business, netflix inc, business news, sports, walt disney co, media, business, comcast corp, entertainment,
Source: https://www.cnbc.com/2023/07/13/disney-ceo-iger-opens-door-to-unloading-tv-assets.html